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Crypto Stocks Plunge as Bitcoin Slides to $18.1K on Inflation Data

Coinbase has tumbled 11%, while MicroStrategy, Riot Blockchain, Marathon Digital are all down in the area of 7%.

Las acciones de las criptomonedas se tambalean tras conocerse los datos del CPI. (M/Unsplash)

Політика

Key US Lawmaker Says Talks Continue Over ‘Ugly Baby’ Bill to Oversee Stablecoins

After months negotiating legislation to establish U.S. oversight, Rep. Patrick McHenry signals the challenges ahead for the effort next year.

Rep. Patrick McHenry speaks at DC Fintech Week (Nikhilesh De/CoinDesk)

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US Consumer Price Index for September Could Provide Push for Bitcoin to Break Out of Its Recent Range

The world’s largest cryptocurrency has been trading in a range between $18,000-$22,400 since the start of September.

Shopping trolley The latest inflation data is due on Thursday morning (Kinga Krzeminska/Getty Images)

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US Senator Warren Leads Congressional Group's Probe Into Bitcoin Mining Energy Use in Texas

Seven Democrats from both the Senate and House are asking Texas grid operator ERCOT how bitcoin mining is impacting the state.

(Pete Alexopoulos/Unsplash)

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Bitcoin Miner Crusoe Energy Buys Fellow Flared-Gas Operator GAM

Acquisition opportunities are arising amid a crypto bear market that is squeezing miners.

Crusoe Energy President Cully Cavness (left) and CEO Chase Lochmiller (right) (Crusoe)

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Independent Examiner Ordered to Produce Interim Report About Crypto Lender Celsius

The report’s findings may affect the court’s decisions about custodial accounts and preference claims.

Celsius thermometer (Unsplash/Modified by CoinDesk)

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Will Comatose Bitcoin Market Come Alive After NFP Data?

Bitcoin has returned exactly 0.0%, on average, on NFP days in 2022, but picture changes during the week after the data release, past data show.

Bitcoin's performance on NFP days (October 2021 to September 2022)/(CoinDesk, Datawrapper)

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US Risk Watchdog Asks Congress to Name Crypto Spot Market Regulator

The Treasury-led Financial Stability Oversight Council has responded to President Joe Biden’s executive order with calls for greater regulatory reach into markets, crypto firms’ affiliates and outside service providers.

(Jesse Hamilton/CoinDesk)

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Cryptocurrencies XRP, MKR Shine as BTC, ETH Hold Steady Ahead of US Inflation Data

XRP climbed above its 200-day moving average while MKR hit a three-week high. A higher-than-expected figure for core PCE, the Fed's preferred measure of inflation, may inject volatility into markets.

XRP continues to outperform the broader market. (ColiN00B/Pixabay)

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California Moves Forward to Allow Vital Records to be Issued on Blockchain

Governor Gavin Newsom signed a law this week that establishes a blockchain option for delivering individuals’ records, such as birth and marriage certificates

California state Sen. Robert Hertzberg (Alberto E. Rodriguez/Getty Images)